MandieFX

MandieFX

USDCAD - Daily Timeframe Market closed at 1.32103 - will see how this plays out on Monday with Daily candle closure. Potentially a nice ride down of 400+ pips * This profile is for educational purposes ONLY! * The trade idea given is my own perspective of the Forex market and by no means require action! * Trading involves risk, past profits do not...

MandieFX

NZDCHF - Daily Time Frame Continuing in a downwards trend, market closed at 0.64217 -1.08% Price is potentially still heading down to the area of 0.63200 with a further decline to the area of -23% on fib level. This should give a nice rally up to 0.69000 or even longer 0.71000 * This profile is for educational purposes ONLY! * The trade idea given is my...

MandieFX

USDJPY - Daily Time Frame Marked up zone indicates a potential area of interest for a short. Yesterday's and today's daily candle sitting at a resistance level of 108.950. Price action ranging in this zone, corrective after a impulse move in May 2019, still within it's downward trend. This could potentially give a nice 130 pip move for a triple bottom touch...

MandieFX

EURJPY - Daily Time Frame This could potentially be a nice set up for a long as daily support has been holding, and go back into the weekly market demand zone. PA and daily candle closure will give a nice idea as to enter any buys. Fib on the daily indicates a good run to the 61.8+ and to see whether the resistance level holds. Overall trend is however...

MandieFX

GBPJPY - Daily Time Frame This zone is very interesting. Price on Friday closed 134.678 +0.05% The trend itself has been in a long downtrend and no major sign of reversal. In June this year you can see and bearish flag with a continue drop to the down side. Depending on how Monday daily candle closes, this could potentially give us a nice pullback to ride a...

MandieFX

GBPNZD - Daily Time Frame Trend: Down Daily candle on Friday closed at 1.84776. Will need to see further PA before executing any buys and further confirmations from the 4 hour TF. There is a possibility of price falling to around 1.83859 to previous support, will need to see if this level holds and assess at Monday daily candle close. * This profile is for...

MandieFX

EURNZD - Daily Timeframe Friday's daily candle closed above 1.65891 with some bullish momentum. Touching the BB and wicked out of the BB suggests EURNZD is oversold, but can it go a little further? Two touches of the trendline dating back to October 2018 and June 2019....could we be heading for a third in this downtrend? Fib levels suggest a rally to the top...

MandieFX

GBPAUD - Daily Timeframe Nice bit of divergence showing on the RSI and could be a nice little pip run as long as it meets further confluences. Key area to watch is around the green zone where it has been support and resistance which was 2nd July 2019. It has not broke past this, within the channel. It may want to keep bouncing like a tennis ball in Wimbledon....

MandieFX

Dropping my thoughts on: GBPNZD *4 Hour Timeframe Parallel channel showing a nice decline since the 7th May 2019. Decline showing on Weekly, Daily and 4 Hour. A few things I see with this chart and not so straight forward.... 1: In order for me to explore a possible 'buy' for a small rally of 100 pips or so....prices needs to close above my tapped off price...

MandieFX

My first publish and purely me thinking out loud on my analysis for USDCAD. WEEKLY TIMEFRAME Will this continue as an uptrend? or is a down turn coming? Will price bounce off previous resistance and support of around the 1.32672? and head towards a previous low as of Oct 2018 this would need to coincide with a touch of this line Oct 2019? Looking forward to...